Dallas Fed: Texas service sector expansion slows; price pressure gains

Texas service sector activity “continued to increase in June, although at a slightly slower pace than last month,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 19.0 from 22.8.

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The employment index slipped to 13.9 from 16.6, the part-time employment index decreased to 4.3 from 5.6, the hours worked index rose to 10.7 from 10.4, the wages and benefits index grew to 24.2 from 23.6, the input prices index crept to 32.2 from 32.0, the selling prices index remained at 15.4, the capital expenditures index fell to 14.4 from 18.4, the general business activity index rose to 22.4 from 18.5.

The future revenue index slid to 44.6 from 50.9, the employment index dipped to 28.9 from 30.9, the part-time employment index decreased to 9.5 from 13.2, the hours worked index fell to 10.7 from 14.4, the wages and benefits index dipped to 50.4 from 50.6, the input prices index declined to 454 from 47.3, the selling prices index decreased to 35.8 from 36.7, the capital expenditures index grew to 28.4 from 26.9, the general business activity index rose to 28.7 from 25.7.

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Economic indicators Federal Reserve Bank of Dallas
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